Corporate Values
At Arçelik, we base our corporate management on the values of accountability, responsibility, openness, transparency, and equality. Our corporate values lead the way of establishing a sound and reliable relationship with our business environment and help strengthen the affiliation of our stakeholders. In line with our corporate values, we take necessary measures to ensure equality within the organization and among external stakeholders.
The Board of Directors
At Arçelik, the highest management body is the Board of Directors (BoD). The main responsibility of the BoD is to make strategic evaluations of the company’s activities and discuss the developments that take place in between the ordinary meetings.
Sustainability Governance
Integration of sustainability as a business model strategy with a focus on stakeholder capitalism is an integral part of value creation for Arçelik. Thus, sustainability is embedded in the Company’s strategies at various levels of governance starting from the highest level.
At BoD level, a Board Member - who is also Koç Holding Consumer Durables’ President - has been tasked with reporting the sustainability-related issues, including climate risks, to the BoD three times a year.
Sustainability activities are managed by the Chief Sustainability, Quality & Customer Care Officer. The Chief Sustainability, Quality & Customer Care Officer is the Company’s highest ranking individual responsible for assessing and managing sustainability-related strategies, risks and opportunities.
Risk Management
Arçelik identifies its sustainability-related risks and opportunities by following global, regional, and sectoral trends and analyses, climate scenarios and stakeholder feedback. Arçelik defines, quantifies and categorizes its material sustainability-related risks and opportunities in line with International Sustainability Standards Board (ISSB) Framework according to their potential impact and perceived likelihood.
Being a company that places sustainability at the heart of its strategy, it is essential for Arçelik to integrate the risks arising from the climate crisis and other sustainability topics into the ERM system to execute the relevant action plans in line with the Company’s Net Zero 2050 and corporate sustainability strategy.
Please refer to the Sustainability Reports for further information.
Sustainability-Linked Executive Compensation
In order to ensure effective implementation of the Company’s sustainability strategy, the sustainability related KPIs determined based on Arçelik's material topics are included in the C and D-level executives' as well as relevant business unit managers' and related expert employees' annual performance evaluation score cards.These KPIs are linked to annual compensation and bonuses as incentives.
Policy Influence
Arçelik's Global Sectoral Relations Management department, under the Chief Sustainability, Quality & Customer Care Officer works in collaboration with all public bodies, NGOs, trade associations and other related organizations or institutions in the advancement of the proposed legislation and/or other related regulations which may affect legitimate business interests that are compatible with international human rights legislation and the Paris Agreement.
While working with these related bodies, it is of utmost importance that the policies of the Trade and Industry Associations and all other stakeholders in which Arçelik is a member comply with the UN Guiding Principles on Business and Human Rights as well as the Paris Agreement and its climate change policy to keep global warming limited to 1.5 degrees.
We are closely following laws and regulations regarding climate change, circular economy, digitalization, and sustainable product criteria policies and strategies. We also play an active role in contributing to the formation of opinions on these laws and regulations with the organizations of which we are members*
*Please refer to our annual Sustainability Reports, and the “SELECTED MEMBERSHIPS AND CONTRIBUTIONS” section for the breakdown of the payments made to trade associations for managing our business, the % of payments and why the association is important for us. Please note that these payments are not related to any political campaigns or lobbying activities.
Arçelik, with its approved Science Based near‑term targets and Science Based Net Zero 2050 commitment, is strongly dedicated to acting in line with the Paris Agreement. Accordingly, in its relations with all stakeholders—including trade and industry associations, coalitions, NGOs, suppliers, and B2B customers—the company commits to cooperating in line with the requirements of the Paris Agreement. Engagements and representations in major sector associations are reported monthly to top management. To the best of our knowledge, the leading associations of which Arçelik is a member do not hold positions that contradict the Paris Agreement. If any contradicting stance emerges, Arçelik commits not to remain part of any organization that would divert its transition toward a low‑carbon economy and a net‑zero world by 2050. In addition, Arçelik aligns itself with international climate‑related initiatives and regulations and clearly states its positions on these, including the European Green Deal, Emission Trading System (ETS), Carbon Border Adjustment Mechanism (CBAM), and the Ecodesign for Sustainable Products Regulation (ESPR).
Building on Arçelik’s global approach to stakeholder engagement, Arçelik carefully manages its engagement with public institutions, non-governmental organizations, sectoral institutions, including but not limited to climate-related issues.
For detailed information, please see Arçelik’s Review on Industry Association Memberships.
For detailed information, please see our Global Sectoral Relations Management & NGO Membership Policy Document.
Corporate Governance